A number of other equities research analysts also recently weighed in on GM. The firm has "Buy" rating by Citigroup given on Wednesday, October 25. Brookstone Capital Mngmt holds 0.55% in Ford Motor Company (NYSE:F) or 519,759 shares. Barclays Capital upgraded it to "Overweight" rating and $15 target in Friday, February 3 report. Vetr cut Ford Motor from a "strong-buy" rating to a "buy" rating and set a $12.54 price objective on the stock.in a report on Monday, September 4th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company's stock. BlackRock Inc. raised its holdings in General Motors by 1.1% in the 2nd quarter. The stock rose 0.71% or $0.09 reaching $12.12 per share. Ford Motor has a one year low of $11.02 and a one year high of $14.87. Greenlight Capital Inc who had been investing in General Mtrs Co for a number of months, seems to be bullish on the $63.41B market cap company.
Craig Hallum set a $45.00 price objective on General Motors Company (NYSE:GM) (TSE:GMM.U) in a research note released on Wednesday morning.
The second largest USA automaker posted a quarterly net profit of $1.56 billion, or 39 cents per share, up more than 60 percent from $960 million, or 24 cents, a year earlier. General Motors's revenue for the quarter was down 16.6% compared to the same quarter a year ago.
Ford Motor Company reported net income of $1.57 billion in the third quarter of the year. Out of 2 Wall Street analysts rating Koppers Holdings, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". On average, equities research analysts predict that General Motors Company will post $6.26 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This piece was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright legislation. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 42,400 shares in the quarter, leaving it with 3.93 million shares, and cut its stake in Chemours Co. Investors of record on Friday, December 8th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor's dividend payout ratio is 54.55%. Also, insider Steven R. Armstrong sold 22,076 shares of the company's stock in a transaction that occurred on Wednesday, October 4th. Supplemental Annuity Collective Tru Of Nj owns 0.63% invested in General Motors Company (NYSE:GM) for 40,000 shares. The transaction was disclosed in a legal filing with the SEC, which is available at this link. US margin also rose from 5.8% to 8.1% a year ago. Following the completion of the transaction, the insider now owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this purchase can be found here. Insiders sold 1,253,540 shares of company stock worth $50,503,341 in the last 90 days. YorkBridge Wealth Partners LLC increased its position in General Motors by 43.5% during the second quarter. The shares were sold at an average price of $12.37, for a total value of $273,080.12. Alambic Investment Management L.P. now owns 630,280 shares of the auto manufacturer's stock valued at $7,336,000 after buying an additional 562,080 shares during the last quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer's stock worth $3,262,952,000 after buying an additional 3,560,717 shares during the period. Lazard Asset Management LLC boosted its position in shares of Ford Motor by 34.9% in the first quarter. Tiedemann Wealth Management LLC now owns 64,061 shares of the auto manufacturer's stock worth $746,000 after acquiring an additional 51,563 shares during the period. Institutional investors and hedge funds own 72.50% of the company's stock. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. However, the company's European operations would return to profitability in the fourth quarter and for the full year. The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.